Category: Financial Technology

the IMF is developing a framework for central bank digital currencies (CDBCs) to promote trade between nations.

IMF developing platform for global central banks’ digital currencies

According to IMF Managing Director Kristalina Georgieva, the IMF is developing a framework for central bank digital currencies (CDBCs) to promote trade between nations. "CBDCs should not be a collection…

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The Nigerian Securities and Exchange Commission has blacklisted six online trading platforms due to their failure to comply with the country's regulations. Investors are advised to exercise caution when considering these platforms.

Six online trading platforms are blacklisted by Nigeria’s Securities and Exchange Commission.

On the website of the commission, the Nigerian SEC announced the blacklisting of six online trading platforms. The platforms' ability to provide services to Nigerian investors has been halted after…

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Amid more sales confidence, chipmaker Intel Corp on Thursday projected second-quarter earnings below Wall Street projections, showing that the business is still having trouble turning a profit amid early indications of a revival in the demand for chips globally.

Intel’s profit outlook falls short of expectations, and shares drop.

Amid more sales confidence, chipmaker Intel Corp on Thursday projected second-quarter earnings below Wall Street projections, showing that the business is still having trouble turning a profit amid early indications…

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Meta, a leading AI company, is regaining Wall Street's trust with its promises of improved accuracy and efficiency. With its cutting-edge technology, Meta is revolutionizing the way financial institutions do business.

Meta regains Wall Street’s trust with AI promises.

Wall Street is once more enamored with Meta Platforms Inc. The stock price of the firm increased on Thursday, rising about 14% as investors welcomed Meta's focus on AI and…

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U.S. regulators issued a fresh warning to banks to be on guard for crypto-related liquidity risks

Top U.S. banking regulators issued a fresh warning to banks to be on guard for any liquidity risks from cryptocurrency-related clients, cautioning some of their deposits could prove volatile. In…

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Binance CEO Changpeng Zhao described "Binance Nigeria Limited" in a tweet as a "scammer entity" and stated that Binance has issued a cease and desist order to the Nigerian corporation.

IMF laid out a nine-point crypto action plan, recommends against legal tender status

The International Monetary Fund has laid out a nine-point action plan for how countries should treat crypto assets, with point number one a plea not to give cryptocurrencies such as…

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Visa has terminated global debit card deals with FTX

visa Inc., the world's largest payments processor, said on Sunday it was severing its global credit card agreements with collapsed crypto exchange FTX. "The situation with FTX is unfortunate and…

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Investigators in the Bahamas are Looking at Whether any “Criminal Misconduct Occurred” as the Collapse of FTX is the Subject to Scrutiny

Investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred” as the collapse of FTX is the subject to scrutiny. Said on Saturday by the Royal Bahamas…

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United Airlines Suspends ad Spending on Twitter

United Airlines Holdings Inc joined the list of companies that are suspending ad spending on Twitter, a United spokeswoman confirmed late on Friday. Major brands such as General Mills Inc…

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PayPal Shares Tumble After Forecast Cut

PayPal Holdings, Inc. an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers, and serves as an electronic alternative…

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